SANTA ANA, Calif., July 1, 2014 (GLOBE NEWSWIRE) -- via PRWEB - SaviCorp® is pleased to announce that it has entered into an agreement with Beijing FlyingGlob Environmental Technology Limited Company, wherein both companies have signed a letter of intent to do business.
In entering this partnership, the two companies are seeking to develop a licensing relationship, through which Beijing FlyingGlob would be licensed to purchase and re-sell SaviCorp®'s DynoValve® family of automotive products within the People's Republic of China.
SaviCorp® is prepared to enter into a preliminary working relationship with Beijing FlyingGlob under which DynoValve® and other innovative technology products would be provided to Beijing FlyingGlob in a limited quantity, paving the way for a comprehensive understanding of the products before they are set to retail. Upon establishing expertise and credibility in the implementation of SaviCorp® products, a schedule of rates, terms and conditions will be memorialized in the form of a Reseller Licensing Agreement.
"Being able to enter into an agreement with Beijing FlyingGlob is a significant step in the right direction for both of our companies to help clean the environment," said Serge Monros, President of SaviCorp®. "We're expanding our distribution capabilities into an area of the world that is in desperate need of innovative pollution control devices and through Beijing FlyingGlob, our DynoValve® and other SaviCorp® products will be retailed under the name of a trusted and reputable corporation."
Beijing FlyingGlob Environmental Technology Limited Company is an energy consumption enterprise, operating in the field of energy conservation, environmental protection, science and technology research, and the development of eco-friendly equipment.
The company formed in 2006, beginning as a wastewater treatment operation, and has gradually expanded its service scope to encompass a wide range of conservation efforts. Its products, distributed in 20 provinces and cities nationwide in China, include technologies focused on improving air quality through the reduction of motor vehicle exhaust emissions.
For more information regarding SaviCorp®, its agreement with Beijing FlyingGlob Environmental Technology Limited Company, its products or for information about its current and future product offerings, please visit http://www.savicorp.com/.
Forward-Looking Statement Disclosure
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Many factors could cause actual results to differ materially from our forward-looking statements.
SaviCorp® is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license its patented supplementary vehicle Emissions Reduction Technologies (ERT). Using proprietary methods and processes, the company's flagship DynoValve® system protects the environment, lessens an engine's carbon offsets, increases gas mileage and improves engine performance, resulting in dramatic savings in both fuel and oil.
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SaviCorp, Inc., formerly known as Savi Media Group, Inc.
Toll Free: 877-611-7284
Local: 714-312-5352
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